An absence of universal alignment between the many data schema employed within the global capital markets perpetuates inefficiencies within and between firms, intermediaries, regulators, and other market stakeholders.
Goals and Objectives
Enable documentation to be machine readable, catalyze the adoption of distributed ledger technologies, and support straight-through processing initiatives by adopting open and common data and language standards.
Advanced analytics, robotic process automation, machine learning, blockchain, and smart contracts
Use Case Summary
Common and open data standards create efficiencies and reduce costs. Industry initiatives to create and adopt universal open standards reflect a seriousness by market participants in the promotion of open and resilient markets.